Velicham Finance Private Limited 2

India

Velicham Finance Private Limited 2

Milaap

Local partner investment

+ 43 other investors

With a loan of EUR 17,800 Velicham Finance will be able to support around 50 families in the district of Thiruvarur.

€17,800

Amount

3.00%

Interest

24 months

Maturity

6 months

Repayments

EUR

Currency

Amount	€17,800
Interest	3.00%
Maturity	24 months
Repayments	6 months
Currency	EUR

100%

Fully funded in 8 hours on 11 April 2019.

Summary

The district of Thiruvarur is situated at the tail end of the Cauvery Delta and it is also a coastal district. Here, most of the crop production is only from paddy and in comparison, and the income from agriculture is low in comparison with other occupations. Women engage in animal rearing, masala-making, dairy businesses, etc in their local area.

The average monthly income of such families is less than $60. The women in Thiruvarur want to take the responsibility of earning for their household to support their children, secure their livelihood and future. Hence, Velicham has been helping out such women borrowers and their families in Thiruvarur by providing them with loans. Through this project, these rural communities of Thiruvarur will benefit socioeconomically.

Company name	Velicham Finance Private Limited 2
CEO	Nagarajan Bharathi
Founded	1984-01-01
Location	Tamil Nadu
Sector	Financial services
Turnover	€2,568,882.75
Employees	43

Impact

Milaap is the largest crowdfunding platform in India, enabling stories of hope, courage, and change. They provide credit services to the poor and excluded to help them to work themselves out of poverty.

Milaap partners with a range of credit-worthy field partners who hold a strong social mission. They grant loans for energy projects, water access, artisan supply chains, and more, mostly in rural areas. Many of their projects empower women entrepreneurs, mainly providing working capital to women with a weaving enterprise, small shops, or handicrafts.

SDG’s impacted

With this project you are contributing to the following Sustainable Development Goals:

SDG 1. No poverty

SDG 3. Good health and well-being

SDG 5. Gender equality

SDG 6. Clean water and sanitation

SDG 8. Decent work and economic growth

SDG 10. Reduced inequalities

Read more about the impact you can make through our platform and the SDGs on our impact page.

Sorry! You must be logged in to view this page.

We have already contributed to Velicham Finance Private Limited 2

Jan de Wit

Ron van Eijk

Marco Mansveld

Frans Wittenberg

Hans Uppenkamp

+ and another

investors